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Ocean Plastics Co (TPE:1321) Cyclically Adjusted FCF per Share : NT$-0.69 (As of Mar. 2024)


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What is Ocean Plastics Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Ocean Plastics Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$0.143. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$-0.69 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Ocean Plastics Co was 19.20% per year. The lowest was 6.40% per year. And the median was 15.50% per year.

As of today (2024-06-10), Ocean Plastics Co's current stock price is NT$39.20. Ocean Plastics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$-0.69. Ocean Plastics Co's Cyclically Adjusted Price-to-FCF of today is .


Ocean Plastics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ocean Plastics Co's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ocean Plastics Co Cyclically Adjusted FCF per Share Chart

Ocean Plastics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.41 -1.11 -0.88 -0.85 -0.91

Ocean Plastics Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.05 -1.01 -0.91 -0.91 -0.69

Competitive Comparison of Ocean Plastics Co's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Ocean Plastics Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ocean Plastics Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ocean Plastics Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ocean Plastics Co's Cyclically Adjusted Price-to-FCF falls into.



Ocean Plastics Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Ocean Plastics Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.143/131.7762*131.7762
=0.143

Current CPI (Mar. 2024) = 131.7762.

Ocean Plastics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.325 100.560 -0.426
201409 -1.305 100.428 -1.712
201412 -0.730 99.070 -0.971
201503 -1.336 99.621 -1.767
201506 -1.917 100.684 -2.509
201509 -0.508 100.392 -0.667
201512 -0.494 99.792 -0.652
201603 -2.138 100.470 -2.804
201606 -0.202 101.688 -0.262
201609 0.056 101.861 0.072
201612 0.241 101.863 0.312
201703 -0.431 102.862 -0.552
201706 -0.310 103.349 -0.395
201709 0.265 104.136 0.335
201712 0.045 104.011 0.057
201803 0.110 105.290 0.138
201806 -0.072 106.317 -0.089
201809 0.485 106.507 0.600
201812 0.004 105.998 0.005
201903 -0.148 107.251 -0.182
201906 0.737 108.070 0.899
201909 -0.066 108.329 -0.080
201912 0.668 108.420 0.812
202003 -0.385 108.902 -0.466
202006 1.423 108.767 1.724
202009 0.338 109.815 0.406
202012 0.077 109.897 0.092
202103 0.088 111.754 0.104
202106 0.164 114.631 0.189
202109 1.329 115.734 1.513
202112 -0.330 117.630 -0.370
202203 -0.392 121.301 -0.426
202206 1.126 125.017 1.187
202209 0.756 125.227 0.796
202212 -1.491 125.222 -1.569
202303 -2.121 127.348 -2.195
202306 1.146 128.729 1.173
202309 0.449 129.860 0.456
202312 0.132 129.419 0.134
202403 0.143 131.776 0.143

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Ocean Plastics Co  (TPE:1321) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Ocean Plastics Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Ocean Plastics Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ocean Plastics Co (TPE:1321) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 310, Juguang Road, 5th - 6th Floor, Wanhua District, Taipei, TWN, 108
Ocean Plastics Co Ltd is a Taiwan-based company, that engages in the manufacturing and selling of plastic raw materials, products, and plastic industry supplementary materials. Its products include plastic cloths, plastic pipe, plastic leather products, synthetic leather products, plastic construction materials, and plastic raw materials The company distributes its products in Taiwan, Japan, China, India, and the United States, among others.

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